A Quote by Jack D. Schwager

Good traders liquidate when they are wrong, great traders reverse when they are wrong

Jack D. Schwager

Quote Topics

Good Great Reverse Traders Wrong

Quote Author

Jack D. Schwager
American - Author
Born: 1948

The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong.

Lloyd Blankfein

I don't believe Trump or Cruz are fair traders. I think they are probably both free traders.

Sherrod Brown

It's not a bad thing for independent traders to come into a high street to mix things up, but what shouldn't happen is that the traders who were there before are priced out.

Sadiq Khan

There are old traders and there are bold traders, but there are very few old, bold traders.

Ed Seykota

Wal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.

Walter E. Williams

I was born with the wrong sign In the wrong house With the wrong ascendancy I took the wrong road That led to The wrong tendencies I was in the wrong place At the wrong time For the wrong reason And the wrong rhyme On the wrong day Of the wrong week Used the wrong method With the wrong technique Wrong Wrong.

Martin Gore

I haven't seen much correlation between good trading and intelligence. Some outstanding traders are quite intelligent, but a few aren't. Many outstanding intelligent people are horrible traders. Average intelligence is enough. Beyond that, emotional makeup is more important.

William Eckhardt

The people who want to be recognized as the greatest traders are probably not the greatest traders. Egos get in the way of the process. In my opinion, you never want to be the largest player in the pit.

Blair Hull

First of all, most traders don't have a winning strategy. Second, even among those traders who do, many don't follow their strategy. Trading puts pressure on weaker human traits and seems to seek out each individual's Achilles' heel.

Gil Blake

Historical records show that Abenakis and other Natives encountered European explorers and traders in Canada looking for sources of ivory to compete with the Russian trade in Siberian fossil mammoth ivory - these traders routinely asked about ivory 'horns' and teeth.

Adrienne Mayor

Numerous academic studies have shown that amateur investors make poor traders - buying stocks for the wrong reasons, holding losers for too long, and acting on whims and emotions.

Gary Weiss

I found that options traders - the Amex was mainly an options exchange - routinely conspired to keep as wide as possible the spreads between the prices investors paid and the prices floor traders paid for the same securities.

Gary Weiss

We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.

Brad Katsuyama

The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don't have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn't really seem to have much to do with a person's skill as a trader.